Laptop Batteries Ventures Raises a Fresh $750 Million

laptop batteries, which has offices in Massachusetts, Silicon Valley and Israel, has closed a $750 million fund, the firm's ninth. Battery, which usually makes between 12 and 18 investments a year, made less than a dozen last year, said Roger Lee, a partner. Battery's fund is the largest raised this year, based on current data, and one of the largest raised in the last 12 months, according to the National Venture Capital Association. Mr. Lee is particularly interested in local services, like Angie's List and A Place for Mom, a site with resources for caring for elderly relatives, both of which Battery has invested in. As the amount of money raised by venture firms shrinks, older firms that were around before the dot-com bubble will benefit, said Michael Taylor, a managing director at HarbourVest, which invested in Battery's fund.